Roth Capital Issues Pessimistic Outlook for Shopify Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at Roth Capital decreased their Q3 2025 earnings per share estimates for shares of Shopify in a report released on Thursday, April 24th. Roth Capital analyst D. Aftahi now expects that the software maker will earn $0.26 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for Shopify’s current full-year earnings is $1.12 per share. Roth Capital also issued estimates for Shopify’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.45 EPS.

Several other equities research analysts have also commented on SHOP. Truist Financial boosted their price objective on Shopify from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Citigroup increased their price objective on Shopify from $143.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. TD Securities lifted their target price on shares of Shopify from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. KeyCorp reduced their target price on shares of Shopify from $140.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, National Bankshares lowered their price target on shares of Shopify from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Shopify Stock Up 0.4 %

SHOP stock opened at $98.92 on Monday. The stock has a market capitalization of $128.08 billion, a P/E ratio of 63.82, a P/E/G ratio of 4.82 and a beta of 2.82. Shopify has a 52 week low of $48.56 and a 52 week high of $129.38. The firm has a 50-day simple moving average of $95.72 and a 200-day simple moving average of $102.14.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a return on equity of 12.00% and a net margin of 22.74%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SHOP. Norges Bank acquired a new position in shares of Shopify in the fourth quarter worth $1,542,262,000. Arrowstreet Capital Limited Partnership grew its stake in Shopify by 79.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 16,487,579 shares of the software maker’s stock worth $1,752,834,000 after purchasing an additional 7,316,862 shares in the last quarter. Alliancebernstein L.P. grew its stake in Shopify by 631.3% during the 4th quarter. Alliancebernstein L.P. now owns 4,459,580 shares of the software maker’s stock worth $474,187,000 after purchasing an additional 3,849,796 shares in the last quarter. Marshall Wace LLP increased its holdings in Shopify by 623.8% during the 4th quarter. Marshall Wace LLP now owns 1,870,891 shares of the software maker’s stock worth $198,932,000 after purchasing an additional 2,228,091 shares during the period. Finally, Durable Capital Partners LP raised its position in Shopify by 86.9% in the 4th quarter. Durable Capital Partners LP now owns 3,950,348 shares of the software maker’s stock valued at $420,041,000 after purchasing an additional 1,836,294 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.